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Oct 13, 2013
10/13
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ceiling, every newspaper in the country, every tv show would be talking about obama care. now it's the story in "the times," but it isn't the central issue it could be or should be. >> let me go back to this point, eventually people should pay prices for being stupid. the republican strategy -- >> they might in the election, pat. >> defunding, allowing the democrats to escape if they had done what we said on "political insiders" for months, go after the irs and go after the delay and force democrats and get out of it by october 1st. they would have -- we would have a whole different political world instead of riding into this canyon. >> i mention the story in "the new york times" is that right? >> it is right, and i read that very carefully, most of the candidates running for the senate for the republicans next year come from the house of representatives, and this thing that we're talking about is hurting them back in their state. >> a year and a month from now people aren't even going to remember the government shutdown, are they? >> yes, they are. >> you know what they a
ceiling, every newspaper in the country, every tv show would be talking about obama care. now it's the story in "the times," but it isn't the central issue it could be or should be. >> let me go back to this point, eventually people should pay prices for being stupid. the republican strategy -- >> they might in the election, pat. >> defunding, allowing the democrats to escape if they had done what we said on "political insiders" for months, go after the irs...
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Oct 7, 2013
10/13
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CSPAN2
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we have submitted to them that after they pass that in the debt ceiling, every single thing is on the table. you know, i was thinking the other day if you're a teacher and you get hired in a school and the school opens for work at 9:00 every morning, you have to be in the classroom at 9:00 in the morning in order to keep your job. if you weren't in your classroom at 9:00 in the morning and you decided i don't really want to show up, i want to do something different, i want to change the rules. i don't like 9:00. i'd like to come in at 11:00, you would be fired. well, our job is to keep the government running and to pay the bills we've incurred. we don't get to pick and choose or decide what all of a sudden the middle -- all of a sudden in the middle of everything we're going to cancel out a law that passed three and a half years ago. this is so bad that the republican candidate for governor in virginia has said stop it, open up the government, and then debate health care. the good news is speaker boehner could change his mind, bring our bill up in a few minutes' time. i know how it wo
we have submitted to them that after they pass that in the debt ceiling, every single thing is on the table. you know, i was thinking the other day if you're a teacher and you get hired in a school and the school opens for work at 9:00 every morning, you have to be in the classroom at 9:00 in the morning in order to keep your job. if you weren't in your classroom at 9:00 in the morning and you decided i don't really want to show up, i want to do something different, i want to change the rules....
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Sep 29, 2013
09/13
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we are talking about raising the debt ceiling. that means spending more even though the president says it doesn't. every time we raised it -- >> requires some judgment and intelligence that may be in short supply in that place called capitol hill. nice to see you. you can catch more of brenda on bulls and bears at 10:00 eastern here on the fox newschannel. israel's prime minister arrived at the white house tomorrow for a meeting with president obama and high on the agenda is iran. so how will president obama's conversation with benjamin netanyahu factor into their talks of the we will look at that next. : >> gregg: 24 hours from now theÑi israeli prime minister, netanyahu, will arrive at the white house for a high-level meeting with president obama. on the agenda is iran. it is the one thing that critics say is a source of deep tension between the two leaders. national security advisor rice insisting that protecting israel from a nuclear iran is a top united states priority. take a listen. >> obviously, we are in constant cont do
we are talking about raising the debt ceiling. that means spending more even though the president says it doesn't. every time we raised it -- >> requires some judgment and intelligence that may be in short supply in that place called capitol hill. nice to see you. you can catch more of brenda on bulls and bears at 10:00 eastern here on the fox newschannel. israel's prime minister arrived at the white house tomorrow for a meeting with president obama and high on the agenda is iran. so how...
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Sep 30, 2013
09/13
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ALJAZAM
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they play chicken yet again over federal spending, and god help us the federal debt ceiling as well. so things do not bode well. that is certainly right. tony, after talking to a number of members of congress and staff in the halls over the course of the last several days as we covered this fight, a lot of people are saying, yes, we believe ultimately the house republicans have to cave and the government will be funded at least for two months until november 15th. one month almost or six weeks. the debt ceiling is another matter altogether, and not a lot of people are seeing a way out of that at this point. i hate to be the bearer of doom and gloom -- >> it's the reality, though, mike. >> reporter: it's the reality here in washington. the result is the consequence of all the gridlock and partisanship we've been talking about for the last several weeks. >> mike, appreciate it. mike viqueira. let's take a quick break. you're watching al jazeera america. we're back in a moment. s2úq@eñsx >>> u.s. and iran nan nuclear diplomacy is center stage at the white house today. president obama a
they play chicken yet again over federal spending, and god help us the federal debt ceiling as well. so things do not bode well. that is certainly right. tony, after talking to a number of members of congress and staff in the halls over the course of the last several days as we covered this fight, a lot of people are saying, yes, we believe ultimately the house republicans have to cave and the government will be funded at least for two months until november 15th. one month almost or six weeks....
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Jan 22, 2013
01/13
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FOXNEWSW
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every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink. i would think cooler heads, wruns they prevail, they may not like -- democrats and republicans -- essentially, punted on this. and they just delayed making the tough choices. >> for some reason, obama and the senate democrats have gotten away with an extraordinary amount of nonsense. they haven't put forth a budget -- >> neil: they say they will and include tax hikes. >> will it make significant cuts or will it be the baseline budgeting? -- [overlapping dialogue] jierks do you think -- >> neil: do you think they are going to see through this -- that is the markets? >> yeah, i think they are going to kick the can down the road. i don't know, i mean, republicans seem to think they need to cave to get the fireworks on
every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink. i would think cooler heads, wruns they prevail, they may not like -- democrats and republicans -- essentially, punted...
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why won't you support that legislation so that there won't be this crisis raising the debt ceiling every few years? >> for two reasons. number one, because jeb's legislation has the absolute wrong priorities for the middle class. what jeb's legislation says is we can default, they accept the fact that we can default, and if we do, china gets paid first. so if you're on social security, you get in line. if you're on medicare, you get in line. if you're a veteran, you get in line. but an investment bank in china, you are first in line. that's the first reason i oppose this. secondly, it's not necessary. we don't have to have bills ordering the priorities for paying our debt. if republicans will simply agree to pay the credit card bills that they themselves have mounted over the past several years. >> so the short answer is we're going to hold the specter of default hostage for our spending priorities. the very same spending priorities that have created more debt in the president's first four years than our nation's first 200. we are on the road to national bankruptcy. what you hear from th
why won't you support that legislation so that there won't be this crisis raising the debt ceiling every few years? >> for two reasons. number one, because jeb's legislation has the absolute wrong priorities for the middle class. what jeb's legislation says is we can default, they accept the fact that we can default, and if we do, china gets paid first. so if you're on social security, you get in line. if you're on medicare, you get in line. if you're a veteran, you get in line. but an...
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Oct 13, 2013
10/13
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CSPAN
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if the debt ceiling is reached, the government would have to slash federal spending by 20% to 30%, driving the nation back into recession. the paint would be felt across every sector of society. social security, medicare, funding for highways, every government program would be devastated by cuts. families would feel it firsthand, with dramatic problems to retirement savings, jobs would be lost, home values would plunge, interest rates on mortgages and student loans would soar. some have said we can avoid default by prioritizing payments. this would force treasury to pick and choose which programs to pay, forcing vital programs like social security, medicare, to compete for funding. this idea is irrational. a default would have a catastrophic impact on the global economy, as well. president of the world bank warned that the default would have consequence is for the world economy. christine lagarde, imaging director of the imf, said it is "mission critical" to resolve the debt limit as soon as possible. this is serious. the whole world is watching. our actions here in the next couple of days
if the debt ceiling is reached, the government would have to slash federal spending by 20% to 30%, driving the nation back into recession. the paint would be felt across every sector of society. social security, medicare, funding for highways, every government program would be devastated by cuts. families would feel it firsthand, with dramatic problems to retirement savings, jobs would be lost, home values would plunge, interest rates on mortgages and student loans would soar. some have said we...
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ceiling meanwhile experts say at least three hundred million dollars are going down the drain every single day of the federal seizure and the losses are expected to accelerate the shutdown depressing businesses and consumers. from the u.s. national libertarian party says legislators have no idea about the needs of the people. american people very much want the federal government to cut its reckless overspending and this is where they're not listening to the american people people want less government lower taxes lower government spending and this will create private sector jobs which is probably the number one issue here to americans and american voters in particular if they're listening really listening they are going to slow down the government more and cut spending more and stop these tricks where they close the tourist destinations and other things that they are making tremendous theater out of rather than getting to the real waste in government that is marbled throughout government spending they can certainly cut military spending they can cut entitlement programs but rather th
ceiling meanwhile experts say at least three hundred million dollars are going down the drain every single day of the federal seizure and the losses are expected to accelerate the shutdown depressing businesses and consumers. from the u.s. national libertarian party says legislators have no idea about the needs of the people. american people very much want the federal government to cut its reckless overspending and this is where they're not listening to the american people people want less...
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Oct 15, 2013
10/13
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ALJAZAM
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every day of negotiations brings us closer to the deadline. >> debate over the debt ceiling is not new. the federal government borrowing limit has been raised dozens of times. the debt ceiling hit new mights in the past few decades. >> jonathan betts explains how the debt climbed to $17 trillion. >> the united states has pretty much been in debt since its founding. every few years the limit is raised. republican presidents raise it more often. but the amount borrowed went up under democrat presidents. it rose more under ronald regan. much to pay to build up the military during the cold war. the debt limit tripling during at 80, topping a trillion. under george w bush it was raised five times. bill clinton saw the debt ceiling go up four times, jumping 44%, but the nation's debt went down during the cloint's years. it's one of the few times it happened. then president george w bush - raised sooech times under him. debts double. it brings us to president obama. he's raised the debt limit five times, this is the sixth. the amount borrowed has gone up 50% and he hopes to raise the limit by
every day of negotiations brings us closer to the deadline. >> debate over the debt ceiling is not new. the federal government borrowing limit has been raised dozens of times. the debt ceiling hit new mights in the past few decades. >> jonathan betts explains how the debt climbed to $17 trillion. >> the united states has pretty much been in debt since its founding. every few years the limit is raised. republican presidents raise it more often. but the amount borrowed went up...
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Jan 5, 2013
01/13
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. >> the president warned the republicans not to use the fight over the debt ceiling to trigger government spending cuts. but there is it every indication that they will do so . republicans will probably have more leverage than they did in the fight over the fiscal cliff. the problem is, even the threat of defaulting on its debt and lower the credit rate raising the cost of borrowing money and could trigger a global depreddings. >> if congress refuses to give the united states the ability to pay the bills on time. the consequences to the global economy could be catastrophic. last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. >> congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. >> the i.r.s. is a nightmare. too costly and unfair. there is it something wrong when they have to hire a professional to d
. >> the president warned the republicans not to use the fight over the debt ceiling to trigger government spending cuts. but there is it every indication that they will do so . republicans will probably have more leverage than they did in the fight over the fiscal cliff. the problem is, even the threat of defaulting on its debt and lower the credit rate raising the cost of borrowing money and could trigger a global depreddings. >> if congress refuses to give the united states the...
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Oct 12, 2013
10/13
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ALJAZAM
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. >> the government shutdown and the looming debt ceiling. the senate passed a bipartisan bill in june to overhaul the journey the immigration reformed a sri casadvocates have been frd with the house. it's in th the national security interest of the united states. it's in the international economic interest of the united states and it's in keeping with our long history as a nation of immigrants that we want a vote in the house of representatives on the immigration reform and we want it now. >> on tuesday members of congress took part in the immigration rally for dig any dy and respect on the national mall. 800 labor leaders were arrested there after they belonge belongn street after the rally. >>> for more i'm joined by a congressman who represents the illinois fourth district. congressman great to have you with us. >> thank you, it's a pleasure to be with you antonio. >> president obama met with senators on friday and to reach an agreement on the shutdown and to see the dibt debt ceiling extended. there is nthere it'sit's not clo be a break
. >> the government shutdown and the looming debt ceiling. the senate passed a bipartisan bill in june to overhaul the journey the immigration reformed a sri casadvocates have been frd with the house. it's in th the national security interest of the united states. it's in the international economic interest of the united states and it's in keeping with our long history as a nation of immigrants that we want a vote in the house of representatives on the immigration reform and we want it...
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Oct 13, 2013
10/13
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LINKTV
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the squabblingn, about the shutdown and the debt ceiling continues. there is still no deal to raise the government borrowing limit. the deadline is just days away. in his weekly address, president barack obama called for republicans to show flexibility. but that appeal has so far come to nothing. international pressure on america is spiraling. if the united states cannot pay its bills, it could drag down the entire world economy. >> i urge u.s. policy makers to quickly come to a resolution before they reach the debt ceiling deadline. the closer we get to the deadline, the greater the impact will be for the developing world. in action could result in rising, rates confidence falling, and growth slowing. >> $651,000 is the sum the date of arizona shown -- shelled out to fund the grand canyon. and not to keep it running for seven days. everyone here is hoping a solution to the u.s. they'll mate will be found long before that time comes to an end. >> the israeli military says it has discovered and destroyed tunnels leading from gaza into israel. it is the
the squabblingn, about the shutdown and the debt ceiling continues. there is still no deal to raise the government borrowing limit. the deadline is just days away. in his weekly address, president barack obama called for republicans to show flexibility. but that appeal has so far come to nothing. international pressure on america is spiraling. if the united states cannot pay its bills, it could drag down the entire world economy. >> i urge u.s. policy makers to quickly come to a...
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Oct 13, 2013
10/13
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FOXNEWSW
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eye 140
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>> of the shutdown or the debt ceiling debate? >> we are concerned about both. >> well, the shutdown uh tects 15% of government workers and functions. the impact has not been much. in fact, we are seeing national parks opening up with state money. the debt ceiling is an artificial barrier because we really do have enough money to pay our debts. and the actual impact would not tap into october 15th. it would be november when we have to make our first payments on the debt. right now we are in this negotiating session where people don't have quite as much pressure as people think they do. >> when you say we could pay all of our debt and that we have the money, do you mean if the treasury provides it? >> no, we are taking in enormous amounts of money every day. what congress has proposed is we should have a law saying that the first thing that the government pays is our debts. that's technically not the law right now. that would take away ambiguity or doubts that we would default or not pay our bills. >> what is this all about? >> pos
>> of the shutdown or the debt ceiling debate? >> we are concerned about both. >> well, the shutdown uh tects 15% of government workers and functions. the impact has not been much. in fact, we are seeing national parks opening up with state money. the debt ceiling is an artificial barrier because we really do have enough money to pay our debts. and the actual impact would not tap into october 15th. it would be november when we have to make our first payments on the debt. right...
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ceiling meanwhile experts say that at least three hundred million dollars are going down the drain every day of the federal seizure and the losses are expected to accelerate with the shutdown depressing businesses and consumers are rocky anderson a presidential candidate for the justice party he believes the congressman a not capable in the first place or even fixing the problem. we do not have a functioning democracy we have a bunch of yahoos in congress who are acting only for their own self-interest to please a very narrow set of people to keep them in office on emotion who continue to buy their way into office and it's all contrary of course to the interests of americans throughout the country what we need is a mass movement in this country we we can't depend on our elected officials to do the right thing any more we know that they're bought and paid for by the moneyed interests we know the role of corrupting money in our political system we the people regardless of political affiliation need to join together and draw our line and make it clear we will never ever support these people
ceiling meanwhile experts say that at least three hundred million dollars are going down the drain every day of the federal seizure and the losses are expected to accelerate with the shutdown depressing businesses and consumers are rocky anderson a presidential candidate for the justice party he believes the congressman a not capable in the first place or even fixing the problem. we do not have a functioning democracy we have a bunch of yahoos in congress who are acting only for their own...
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Oct 6, 2013
10/13
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KNTV
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that's what we call the national debt ceiling. the united states owes money to other countries, private investors. why? because of our annual unbalanced budget we come up with every year. that's what we call the national debt. right now, the debt ceiling is set at $16.7 trillion. that's how much the united states is allowed to owe people, to owe countries, to owe all those folks we borrow from. the u.s. treasury secretary, jacob lieu, says that the united states will run out of money by october 17th, unless congress raises the debt ceiling. from that day on, we well owe more than we have money to pay. the president says, congress, do something about this. please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second,
that's what we call the national debt ceiling. the united states owes money to other countries, private investors. why? because of our annual unbalanced budget we come up with every year. that's what we call the national debt. right now, the debt ceiling is set at $16.7 trillion. that's how much the united states is allowed to owe people, to owe countries, to owe all those folks we borrow from. the u.s. treasury secretary, jacob lieu, says that the united states will run out of money by october...
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president obama is pressuring congress to reopen the government and raise the debt ceiling hundreds of millions of dollars are going down the drain every day with a federal hold in its second week the president also warned against making a store part of american democracy slamming the republicans who are urging a delay of his health care reform as archie's marina ordinary for its u.s. partisan politics are pushing the nation and the global economy to the brink of disaster. a nine day government shutdown with a credit default looming in the wings washington's failure to so far agree on a budget or how to pay its bills has given an entirely new meaning to american exceptionalism hundreds of thousands of americans are losing paychecks and social benefits because u.s. officials elected to lead this country are engaged in a bitter fiscal deadlock on tuesday president barack obama said he would be willing to negotiate on budget issues only after republicans agreed to reopen the federal government and raise the debt limit without preconditions republicans meanwhile are insisting on deficit re
president obama is pressuring congress to reopen the government and raise the debt ceiling hundreds of millions of dollars are going down the drain every day with a federal hold in its second week the president also warned against making a store part of american democracy slamming the republicans who are urging a delay of his health care reform as archie's marina ordinary for its u.s. partisan politics are pushing the nation and the global economy to the brink of disaster. a nine day government...
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ceiling now experts say at least three hundred million dollars are going down the drain every day of the federal hold and the losses are expected to accelerate as the shutdowns depressing businesses and consumers and wall street chiefs are urging both the president and congress to raise the borrowing limit saying the u.s. is on the verge of its first default in history but lawmakers have still made no progress in ending their squabbles over health care reform which republicans want to be delayed obama then slammed them for undermining quote the full faith in the credit of america after a ninety minute talks with the representatives and the senate leaders. from the u.s. national libertarian party says that legislators just don't get what people need. american people very much want the federal government to cut its reckless overspending and this is where they're not listening to the american people people want less government lower taxes lower government spending and this will create private sector jobs which is probably the number one issue here to americans and american voters in par
ceiling now experts say at least three hundred million dollars are going down the drain every day of the federal hold and the losses are expected to accelerate as the shutdowns depressing businesses and consumers and wall street chiefs are urging both the president and congress to raise the borrowing limit saying the u.s. is on the verge of its first default in history but lawmakers have still made no progress in ending their squabbles over health care reform which republicans want to be...
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we have hit the debt ceiling, so says the treasury secretary. i'm not sure where we are. is that right? every actually hit it? is the treasury secrery's speaking metaphocally in some way? >> well, running close to the limit and then the secretary of the treasury begins takng money from different friends inside the government. he uses that money to run the governments of the borrowing. lou: basically doing what millions of americans accuse him of doing, cooking the books and playing games. thateems to be pretty standard . i have to ask you this. why is it just now occurring to both the president and the congress of the yet to state that they should do something about this rather than say, oh, one month before the election where would have been beneficial , perhaps much of the republicans who seek prudent fiscal policy to have done so. >> certainly you want to get ahead of this problem. running against the limit d going through a series of special measures, doesn't make any sense to run the government. the end of this with been preferable, but there's no appetite for taking
we have hit the debt ceiling, so says the treasury secretary. i'm not sure where we are. is that right? every actually hit it? is the treasury secrery's speaking metaphocally in some way? >> well, running close to the limit and then the secretary of the treasury begins takng money from different friends inside the government. he uses that money to run the governments of the borrowing. lou: basically doing what millions of americans accuse him of doing, cooking the books and playing games....
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Mar 3, 2013
03/13
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CNNW
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what he left out is when they had the debt ceiling -- this is the result of failed debt ceiling cuts two years ago. republicans say let's reform this entitlement, that and others. the president rejected every entitlement reform the president put on the table. for now the president said we want to reform sbilentitlements. sure, let's do that. one thing they won't do is agree to any tax increases. >> it didn't sound like it, susan. just from a political point of view, seems a gamble for republicans only because public polling continues to show that the democrats and the president are the ones that get less blame anyway. >> there's clearly a miscalculation on the part of the white house. they figured that the defense cuts would be enough to force republicans back to the table, but not this republican party. that was the old republican party. this party cares more about spending than it does about keeping defense numbers up. therefore this option that seemed completely unacceptable, sounded like from your interview both sides ready to accept them. what we'll start to see is the sequester
what he left out is when they had the debt ceiling -- this is the result of failed debt ceiling cuts two years ago. republicans say let's reform this entitlement, that and others. the president rejected every entitlement reform the president put on the table. for now the president said we want to reform sbilentitlements. sure, let's do that. one thing they won't do is agree to any tax increases. >> it didn't sound like it, susan. just from a political point of view, seems a gamble for...
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Nov 20, 2013
11/13
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CSPAN
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when the debate -- when we shut down the government and the debate around the debt ceiling happened, it sent the shivers down the spine of every business around the world and many consumers. now we have resulted, but only shifted. come january and the next deadline, what do we have to expect? >> that is why i was not a big fan of the way it was done because it was a can kicking exercise. this is what sends shivers down my spine. is that we go into next year when the federal reserve begins to normalize our policy and perhaps interest rates begin rising and we will not have taken advantage of this low- interest rate moment to get a down payment on our debt. we know from the cbo that our debt is about to take off in a few years and never come back down if we don't do anything about it. we have 100% increase on the population and only 17% increase in the worker population paying for their programs. in the cost of the programs that the user growing 60% a year. that is a whole lot faster than the economy, wages or inflation. so this is our concern. what we get from the resident is just giv
when the debate -- when we shut down the government and the debate around the debt ceiling happened, it sent the shivers down the spine of every business around the world and many consumers. now we have resulted, but only shifted. come january and the next deadline, what do we have to expect? >> that is why i was not a big fan of the way it was done because it was a can kicking exercise. this is what sends shivers down my spine. is that we go into next year when the federal reserve begins...
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Jan 6, 2013
01/13
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CNNW
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ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has done some hard work with the republicans on entitlement recome form. if you raise the debt ceiling by a dollar, you should cut spending by a dollar. that's the way to go forward. we need a budget. our democratic friends haven't passed a budget in three years contrary to the law of the land and why raise money and spend it if you don't have a budget. a dollar for dollar offset and a budget two conditions to raising the debt ceiling. >> you won't raise it unless you've got cuts certain in spending. you will not raise the debt ceiling. >> i'm not going to borrow trillions more dollars without a plan to get out
ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has done...
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Jan 9, 2013
01/13
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FOXNEWSW
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with respect to the debt ceiling, we have the default. if fiscal conservatives can stand together we can have some substantive reforms, pro reforms, if not a default and obama it going to say that over and over and over again, we should be clear, it's not a default we should always, always, all the pay our debt. what it would be a partial government shutdown. we saw it in 1995 with republicans in congress. >> sean: it worked. we got to a balanced budget for the first time. >> year after year after year. >> sean: all right. let me ask you, there seems to be this trial balloon, i'll talk a little more about the next segment and if you look at article 1, constitution, says all legislative powers here granted shall be invested in congress and goes on spending is in the house of representatives. >> yes. >> sean: it seems floating that trial balloon they want to use 14th amendment, section 4, as the debt. why constitutional, in your authority, is that? it's never been tried before. we've never had debt like this before. if he tries to circumven
with respect to the debt ceiling, we have the default. if fiscal conservatives can stand together we can have some substantive reforms, pro reforms, if not a default and obama it going to say that over and over and over again, we should be clear, it's not a default we should always, always, all the pay our debt. what it would be a partial government shutdown. we saw it in 1995 with republicans in congress. >> sean: it worked. we got to a balanced budget for the first time. >> year...
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Sep 30, 2013
09/13
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ceiling? but i think that at this point there are definitely voices who are saying, you know, democrats are going to need to be cautious too. because every shutdown is different. and at this point, trust in government is so low. frankly, congress' ratings are so low that it's not out of the realm of possibility -- >> can't get any lower. >> democrats could take some blame, yes. but they're certainly working very hard to push them as low as possible. >> we'll find out tonight at midnight. thank you so much, nbc's casey hunt. >>> the shutdown could spur shock waves in the market today. "the washington post" reports the average impact of a shutdown that lasts ten days or long over the s&p 500 is a 2.5% dip. nothing to sneeze at. shutdowns lasting five days or 4, a 1.4% drop. to give us a preview, steve sedgwick is live in london. you heard those numbers. what are people going to do with their money today? >> fascinating. do you sell in advance of the shutdown? or do you sell during the shutdown?
ceiling? but i think that at this point there are definitely voices who are saying, you know, democrats are going to need to be cautious too. because every shutdown is different. and at this point, trust in government is so low. frankly, congress' ratings are so low that it's not out of the realm of possibility -- >> can't get any lower. >> democrats could take some blame, yes. but they're certainly working very hard to push them as low as possible. >> we'll find out tonight...
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Jan 21, 2013
01/13
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and so the fact that they have backed off both -- not only the idea that we should hold debt ceiling hostage, but second that it shouldn't be one for one cuts, you know, boehner used to say that, the house proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case. >> mitch mcconnell proposed it two years ago and we passed it. but let me say this on the budget. we democrats have always intended to do a budget this year. for two reasons. first, it is not true that we haven't had budget control in effect over the last several years. the budget control act of 2011 put rigid spending cuts that are in effect -- that were in effect last year. we cut $1 trillion. we didn't like it. it was much more of a republican type
and so the fact that they have backed off both -- not only the idea that we should hold debt ceiling hostage, but second that it shouldn't be one for one cuts, you know, boehner used to say that, the house proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive...
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Oct 1, 2013
10/13
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of weeks and to when the debt ceiling fight will be at its fever pitch later this month. sources in both parties are saying there's talk of the house trying to take interim steps, incremental moves that could pass some bills that relate to protecting things likes veterans affairs, for example. this is similar to the program where they were able to keep the military checks coming. the house passioned it and senate passed it and the president signed it last night and they released a video for the troops overnight saying they would get paychecks. is it possible they will take a step at a time approach to try to restore pieces of the government? that's one thing that is being discussed right now. we'll see how that unfolds through the day. that isn't the same as turning the lights back on and bringing back all of the employees, but it might be one kind of way where they can show action and find some areas of common ground when you pick areas of the federal government or federal employees or benefits that are most harmful when they are suspended and try to address that. that's
of weeks and to when the debt ceiling fight will be at its fever pitch later this month. sources in both parties are saying there's talk of the house trying to take interim steps, incremental moves that could pass some bills that relate to protecting things likes veterans affairs, for example. this is similar to the program where they were able to keep the military checks coming. the house passioned it and senate passed it and the president signed it last night and they released a video for the...
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Sep 27, 2013
09/13
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ALJAZAM
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. >> bridging the debt ceiling could make it difficult for the government to pay $55 billion worth of social security, medicare and military bills do in november. >> failure to raise that ceiling as we have basically at every point over the last 100 yearsed send a very negative signal that could harm the standing of u.s. federal debt. >> economists say even the hint the government might be running out of cash could have catastrophic consequences. >> the 2011 debt ceiling crisis where the debt ceiling was not breached is estimated to have cost the federal government $1.3 billion in fiscal year 2011. >> back then, congress managed to raise the debt limit at the 11th hour. that still didn't stop the u.s. from losing a highly coveted and pristine rating by s&p. >> republicans say they're open top raising the debt ceiling, but among the things on their list of demands, a year delay on the affordable care act, tax code changes and the opening of the pipeline. >> one of the few encounters between high level meetings in u.s. and iranian officials occurred since the 1979 islamic revolutions. l
. >> bridging the debt ceiling could make it difficult for the government to pay $55 billion worth of social security, medicare and military bills do in november. >> failure to raise that ceiling as we have basically at every point over the last 100 yearsed send a very negative signal that could harm the standing of u.s. federal debt. >> economists say even the hint the government might be running out of cash could have catastrophic consequences. >> the 2011 debt ceiling...
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Jan 8, 2013
01/13
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. >> is the boehner rule going to be in place here, the boehner rule being every dollar raising the debt ceiling will require one dollar of spending cuts over the next ten years. do you think john boehner can deliver on that to his party? >> i think he absolutely can deliver. he delivered on it last time. i think he'll be able to do it again. this is actually a fight with republicans not only anxious for but needs to happen. the president has presided over four $1 trillion deficits in a row. never presented a budget that any member of his own party was willing to vote for. the democratic senate hasn't produced a budget at all in three years. come on, it's time -- revenue portion of this has been settled in the fiscal cliff deal. i cooperated with the administration on that, a lot of my colleagues did as well. i think we've shown a great deal of good faith. it's time for the president to come across and get serious about the spending cuts and reform he said is necessary. >> does that mean if the boehner rule goes into in effect that this deal would mean some type of review monthly? every
. >> is the boehner rule going to be in place here, the boehner rule being every dollar raising the debt ceiling will require one dollar of spending cuts over the next ten years. do you think john boehner can deliver on that to his party? >> i think he absolutely can deliver. he delivered on it last time. i think he'll be able to do it again. this is actually a fight with republicans not only anxious for but needs to happen. the president has presided over four $1 trillion deficits...
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Oct 3, 2013
10/13
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FOXNEWSW
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every single president has raised the debt ceiling or had congress raise the debt ceiling under him over the past many decades. ronald reagan 17 times heir better walker bush, george w. bush, bill clinton six times for president obama which is actually not that much when you look at some of the other presidents. they don't want this tied to anything. they want this as let's pay our bills, deal with our obligation. but on the republican side they are trying to say either let's defund obama care, which is a nonstarter for this administration. jack lew was very clear about that or, start cutting spending. >> bret: what else did you take from this interview just in the tone and tenor of what the secretary was saying? >> we are in unchartered territory. this country has never defaulted on its debt. if we do, there are a lot of what ifs. he was a little resistant to outline particularly. but if i'm reading between the lines. we could lose certain levels of our credit rating and that means a lot when it comes to all kinds of things. let the value like the value of our treasury bonds. we could s
every single president has raised the debt ceiling or had congress raise the debt ceiling under him over the past many decades. ronald reagan 17 times heir better walker bush, george w. bush, bill clinton six times for president obama which is actually not that much when you look at some of the other presidents. they don't want this tied to anything. they want this as let's pay our bills, deal with our obligation. but on the republican side they are trying to say either let's defund obama care,...
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Oct 13, 2013
10/13
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when i look at what is happening with the debt ceiling, the most important thing is sooner or later we have to stop i can cking the can down the road. i will give uh great example. in january of 2009 every american had about $34,000 with their share of the debt. that means my daughters who are stwent and 16 -- 20 and 16, that means the share of the debt is $53,000. we have to turn this around. the most important thing we need to talk about with the debt ceiling is how do we grow our economy? right now we were told based on the numbers unemployment is 60%. we are not there. ronald reagan had it at 7.1, 7.2 %. we need to talk about the right policies, tax policies, regulatory policies monetary policy policies to turn it around. >> everything that colonel west said is entirely fair. but i think it misses a couple of important points. one is republicans took us to the brink of a government shutdown because they wanted to de fund obamacare. and that was totally unrealistic. and now even republicans like john mccain and lyndsay graham and leading republican funders like the koch brothers are
when i look at what is happening with the debt ceiling, the most important thing is sooner or later we have to stop i can cking the can down the road. i will give uh great example. in january of 2009 every american had about $34,000 with their share of the debt. that means my daughters who are stwent and 16 -- 20 and 16, that means the share of the debt is $53,000. we have to turn this around. the most important thing we need to talk about with the debt ceiling is how do we grow our economy?...